CIADF (China Mengniu Dairy Co) Days Payable : 64.35 (As of Jun. 2024)

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What is China Mengniu Dairy Co Days Payable?

China Mengniu Dairy Co's average Accounts Payable for the six months ended in Jun. 2024 was $1,297 Mil. China Mengniu Dairy Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $3,678 Mil. Hence, China Mengniu Dairy Co's Days Payable for the six months ended in Jun. 2024 was 64.35.

The historical rank and industry rank for China Mengniu Dairy Co's Days Payable or its related term are showing as below:

CIADF' s Days Payable Range Over the Past 10 Years
Min: 51.43 Med: 53.86 Max: 60.49
Current: 60.4

During the past 13 years, China Mengniu Dairy Co's highest Days Payable was 60.49. The lowest was 51.43. And the median was 53.86.

CIADF's Days Payable is ranked better than
64.84% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs CIADF: 60.40

China Mengniu Dairy Co's Days Payable increased from Jun. 2023 (58.35) to Jun. 2024 (64.35). It may suggest that China Mengniu Dairy Co delayed paying its suppliers.

China Mengniu Dairy Co Days Payable Historical Data

The historical data trend for China Mengniu Dairy Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Mengniu Dairy Co Days Payable Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.38

54.87

54.23

60.44

58.73

China Mengniu Dairy Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															55.02	60.23	58.35	57.24	64.35

Competitive Comparison of China Mengniu Dairy Co's Days Payable

For the Packaged Foods subindustry, China Mengniu Dairy Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Mengniu Dairy Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Mengniu Dairy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Mengniu Dairy Co's Days Payable falls into.

China Mengniu Dairy Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Mengniu Dairy Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1463.149	+	1330.417)	/	2 )	/	8680.982	*	365
=	1396.783					/	8680.982	*	365
=	58.73

China Mengniu Dairy Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1330.417	+	1263.488)	/	2 )	/	3678.419	*	365 / 2
=	1296.9525					/	3678.419	*	365 / 2
=	64.35

China Mengniu Dairy Co Days Payable Related Terms

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China Mengniu Dairy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (OTCPK:CIADF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIADY:USA 02319:Hong Kong EZQ:Germany

Address

262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG

Website

https://www.mengniuir.com

China Mengniu Dairy is China's second-largest dairy producer by market share. The company produces a broad range of dairy products including liquid milk, yogurt, ice cream, milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.